•    Bluestone Group is marketing its second non-conforming residential mortgage-backed securities transaction for 2018, the Sapphire XIX Series 2018-2 Trust, seeking to raise almost A$300 million. The nine classes of notes are to be secured by a portfolio of near-prime and non-conforming residential mortgage loans originated by Bluestone Group Pty Limited or Bluestone Mortgages Pty Limited, serviced by another Bluestone company. The three sets of Class A notes (all assigned provisional ratings of (P)Aaa (sf) by Moody's Investors Service) total A$248.1 million. Key collateral pool features include: a "reasonably high" weighted-average scheduled loan-to-value of 69 per cent; loans made to self-employed borrowers account for around 57 per cent of the portfolio; and 59 per cent of loans relied on alternative income documentation or low income documentation (2.6 per cent). •    RedZed, a specialist provider of low doc home loans to self-employed borrowers, has mandated CBA and NAB to arrange a series of RMBS investor meetings. "A non-conforming RMBS transaction may follow subject to market conditions," according to a CBA banker, ahead of the potential. Last year RedZed, with NAB as arranger and also as joint lead manager with CBA, priced two RMBS deals, raising A$300 million and $250 million, respectively, mostly from its existing domestic wholesale investor base.